AEGON ASSET MANAGEMENT UK Plc Boosts Holdings in Stifel Financial Corporation $SF

AEGON ASSET MANAGEMENT UK Plc grew its stake in Stifel Financial Corporation (NYSE:SF) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,047 shares of the financial services provider’s stock after purchasing an additional 44,844 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.18% of Stifel Financial worth $20,876,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SF. Securian Asset Management Inc. boosted its holdings in Stifel Financial by 1.3% in the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Stifel Financial by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 108 shares in the last quarter. Palisades Investment Partners LLC lifted its position in shares of Stifel Financial by 0.5% in the third quarter. Palisades Investment Partners LLC now owns 29,475 shares of the financial services provider’s stock valued at $3,345,000 after acquiring an additional 134 shares in the last quarter. Sage Mountain Advisors LLC boosted its stake in shares of Stifel Financial by 5.5% in the third quarter. Sage Mountain Advisors LLC now owns 2,694 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 141 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Stifel Financial by 43.6% during the second quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JMP Securities raised their price objective on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus set a $138.00 price objective on shares of Stifel Financial in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday. Finally, TD Cowen cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.18.

Stifel Financial Stock Down 1.9%

Shares of NYSE SF opened at $128.36 on Monday. The company has a market capitalization of $13.07 billion, a P/E ratio of 22.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The company has a 50 day simple moving average of $126.16 and a 200-day simple moving average of $118.19. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $134.74.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.4%. Stifel Financial’s payout ratio is currently 32.51%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.